Tag: settlement

The Purdue Opioid Settlement – How It Could Help The Public Understand The Roots Of The Drug Crisis
HEALTH & WELLNESS

The Purdue Opioid Settlement – How It Could Help The Public Understand The Roots Of The Drug Crisis

HEALTH Antoine Lentacker, University of California, Riverside There’s a long history of U.S. courts being called upon to fix large-scale public health crises. Lawyers and judges, for instance, were key in settling claims related to asbestos, lead paint, Agent Orange and tobacco. More recently, they have dealt with the fallout of the U.S. opioid epidemic, which is linked to the deaths of some 500,000 Americans over the past two decades. This litigation can serve several important goals. It can identify wrongdoers and hold them accountable. It can repair damage by compensating the victims. And it can protect the public by producing evidence regarding dangerous products and practices. When cases are settled, however, the litigation rarely accomplishes all three goals together. Settlement...
BUSINESS

Bayer CEO: Roundup settlement could be in the cards

Company struggles with mounting legal claims from many thousands of Americans who say the herbicide caused their cancer. Bayer AG Chief Executive Officer Werner Baumann said he'd consider a "financially reasonable" settlement of litigation over the weedkiller Roundup as the caseload swells and the company's shares slump anew. The number of lawsuits from people in the U.S. who say the herbicide caused them to develop cancer rose by about 5,000 to 18,400, Bayer said in a statement. The company also revealed more troubles at its crop-science division on Tuesday after bad weather curbed demand from farmers. Quarterly sales and earnings missed estimates and the German company questioned its ability to meet its full-year forecast. The shares fell as much as 4.7% in F...